MAYBE NOT SEEKING CONFRONTATION, BUT SEPARATION
ALL RELATIONS BECOME DIFFICULT WHEN TRUST IS LOST
We daily observe that many nations who have been our allies are now considering not having close ties with the United States. It seems many would like to just have the choice to negotiate their own future independent of any big power ties. It also seems that when pressure is applied, to be either for us or you are against us, it is not enough for compliance.
After WW2 the United States enjoyed military and economic domination of most of the world. Militarily, our only competition was a nuclear armed Soviet Union. Economically, the United States was the undisputed industrial capital of the world. We had a reputation of honest dealing and a trust that was acquired from years of reliable sound practices. We did not have to threaten or intimidate nations to cooperate with us, most were more than willing, because it was viewed as a win win situation. The dollar became the world's reserve currency, replacing the British pound. It was not by force, but because it had a reputation as being as "Good as Gold"and until 1971 was backed by Gold. It was the great society spending and the Viet Nam war that created the destabilizing of the dollar due to high inflation. It is no coincidence that our last balanced budget was in 1969.
The Soviet Union was an ideological adversary that believed in evangelizing and spreading communist ideology around the world. The United States had a policy of resisting communist expansion. It was tested in Korea, and then Viet Nam were we embraced the domino theory of communist expansion. The theory was that if Viet Nam fell it would be followed by a communist takeover of all of southeast Asia. Americans generally endorsed this theory except for the already Marxist professors in our universities.
Eventually Communism, were it was accepted, failed. It is a system that denies the natural inclination of human self interest. It is a failed ideology. Today we see no successful nations living under pure communist rule. The Soviet Union, in effect, rejected Communism, the communist Chinese have grown rich and powerful by embracing capitalism, even while still exerting strong government control. The only real bastions of communism are in south and central America and they are nothing to be seen as examples of success. Its twin ideology of Democratic Socialism is also a failed ideology, that is now near its end.
The strongest support for Marxist communist theories are now in the United States, many in positions of the government and academia.
So, today we see a United States who has lost the ability to balance a budget, who even in peace time increased its debt to levels that are now unsustainable. The dollar, while still the worlds reserve currency is in decline due to just plain inflation and depreciation of the buying power of the dollar. Other nations are working on replacing the dollar with a more sound currency that is not continually declining in value.
This debasing of the dollar and also using the financial system dominated by the United States to pressure conformity by other nations through sanctions has now come to a critical time where the dollar is about to be eclipsed by other forms of international settlements. When that happens the decline of the United States will no longer be a theory, but reality.
It is understood that threat to the dollar is a threat to the United States, but rather than addressing the root cause of the dollar's demise, our leaders in Washington seem to believe they can continue this control of world events, not by sound trusted practices but by force. A theory that has consistently failed in all of Human history.
No comments:
Post a Comment
comments and opinions published at discretion of editor